Largest Car Manufacturers (2026)

Volkswagen is the largest carmaker by revenue, at US$370.8bn in the Forbes Global 2000 for 2026, and the largest employer in the list with 662,942 staff. The Wolfsburg-based group organises its car brands into three groups: a core group of Volkswagen, Volkswagen Commercial Vehicles, Škoda, SEAT and CUPRA; a progressive group of Audi, Bentley, Lamborghini and Ducati; and Porsche, which has been separately listed since September 2022. Its profit of US$7.1bn was far below Toyota's.

Toyota reported revenue of US$336.3bn in the Forbes 2026 data, second only to Volkswagen, but its profit of US$25.5bn was the highest of any carmaker and more than three times Volkswagen's. Its market value of US$253.5bn is the second-highest in the list after Tesla. Toyota was founded on 28 August 1937 and has its head office in Toyota City, Aichi; it reported 390,927 consolidated employees at 31 March 2026.

Ford reported revenue of US$189.9bn in the Forbes 2026 data, narrowly ahead of General Motors, but a loss of US$6.1bn for the period. The company was founded by Henry Ford on 16 June 1903 according to Forbes and is headquartered in Dearborn, Michigan, with 169,000 employees.

General Motors reported revenue of US$184.6bn and profit of US$2.5bn in the Forbes 2026 data. The Detroit-based company designs and sells trucks, crossovers, cars and automobile parts and had 155,000 employees. Forbes ranked it 171st in the overall Global 2000, against Ford's 476th.

Stellantis, incorporated on 1 April 2014 according to Forbes and headquartered in Hoofddorp, the Netherlands, reported revenue of US$173.2bn in the 2026 data. It also reported a loss of US$25.2bn, the largest of any company in this list, and its market value of US$21.7bn was lower than that of several much smaller carmakers.

BMW Group reported revenue of €133.5bn for 2025 and sold 2.46 million cars in 140 markets, with 154,540 employees at the end of the year. Forbes converts its revenue to US$151.4bn, marginally ahead of Mercedes-Benz, and records profit of US$7.9bn. The Munich-based group operates more than 30 production sites.

Mercedes-Benz Group reported revenue of US$151.3bn in the Forbes 2026 data, just US$0.1bn less than BMW, and profit of US$5.7bn. The Stuttgart-based company manufactures and distributes premium cars and vans; Forbes records 164,120 employees.

Honda reported revenue of US$144.6bn in the Forbes 2026 data, which includes its motorcycle, financial services and power products businesses as well as cars. It recorded a loss of US$2.8bn for the period. Forbes records its founding by Soichiro Honda on 24 September 1948; the company is headquartered in Tokyo.

Hyundai Motor reported revenue of US$131.8bn and profit of US$6.1bn in the Forbes 2026 data. The Seoul-based company has a market value of US$122.4bn, the third-highest in the list, and is a separate listed company from Kia, which ranks 13th.

BYD reported revenue of US$110.2bn in the Forbes 2026 data, the highest of any Chinese carmaker. Forbes classifies it under capital goods rather than consumer durables because, besides passenger and commercial new energy vehicles, it makes batteries, photovoltaic products and mobile handset components and provides assembly services. The Shenzhen-based company had 869,622 employees, more than any other company in this list.

Tesla reported revenue of US$97.9bn and profit of US$3.9bn in the Forbes 2026 data. Its market value of US$1,585.8bn is more than six times that of Toyota and larger than that of all the other companies in this list combined. The company is headquartered in Austin, Texas, and had 134,785 employees.

SAIC Motor, based in Shanghai, reported revenue of US$92.3bn in the Forbes 2026 data. It develops, manufactures and sells passenger and commercial vehicles and components and also provides auto financing.

Kia reported revenue of US$81.2bn and profit of US$4.9bn in the Forbes 2026 data. The Seoul-based carmaker, founded on 11 December 1944 according to Forbes, had 36,566 employees, giving it one of the highest revenues per employee in the list.

Nissan reported revenue of US$79.7bn in the Forbes 2026 data and a loss of US$3.5bn. The Yokohama-based company's market value of US$8.3bn was among the lowest in the list; only BAIC Motor, Mazda and Volvo Car were valued lower.

Renault reported revenue of US$65.4bn in the Forbes 2026 data and a loss of US$12.3bn. The company, founded by Louis Renault in 1898 according to Forbes, is headquartered in Boulogne-Billancourt, France, and had 100,541 employees.

Geely Automobile Holdings, the Hong Kong-listed investment holding company for the Geely car business, reported revenue of US$50.2bn and profit of US$2.2bn in the Forbes 2026 data. Forbes lists its geographical segments as China, Malaysia, Eastern Europe, the Middle East, Africa and Central and South America. Volvo Car, which ranks 19th, is a separately listed company.

Chery Automobile, based in Wuhu, reported revenue of US$41.9bn and profit of US$2.6bn in the Forbes 2026 data. Its brands include Chery, Jetour, Exeed, iCar and Luxeed; Forbes records its founding on 8 January 1997.

Suzuki reported revenue of US$41.8bn and profit of US$2.9bn in the Forbes 2026 data, almost level with Chery. The Hamamatsu-based company makes motorcycles and marine products as well as cars, and was founded by Michio Suzuki in October 1909 according to Forbes.

Volvo Car, based in Gothenburg, reported revenue of US$36.8bn but profit of only US$61.5m in the Forbes 2026 data. It is a separate company from AB Volvo, the truck and bus maker, which Forbes classifies under capital goods and which is not included in this list.

Mazda reported revenue of US$32.6bn and profit of US$232.8m in the Forbes 2026 data. Its market value of US$4.3bn is among the lowest in the list. Forbes gives its headquarters as Aki, Japan, and its founding date as 30 January 1920.

Great Wall Motor, based in Baoding, reported revenue of US$32.1bn and profit of US$1.3bn in the Forbes 2026 data, with 97,600 employees.

Subaru reported revenue of US$31.8bn and profit of US$602.8m in the Forbes 2026 data. Besides cars, the Tokyo-based company manufactures and repairs aircraft and aerospace components.

Seres Group, based in Chongqing, makes new energy vehicles including the AITO series and reported revenue of US$24.1bn in the Forbes 2026 data.

Chongqing Changan Automobile reported revenue of US$22.9bn and profit of US$432.6m in the Forbes 2026 data. Forbes dates the company's origins to 1862, the earliest founding date of any carmaker in this list.

BAIC Motor, based in Beijing, reported revenue of US$22.8bn but profit of only US$16.3m in the Forbes 2026 data, and has the lowest market value in the list at US$1.3bn.